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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income $ 16,939 $ 181,598
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 235,381 619,715
Equity in net income from unconsolidated joint ventures (10,026) (15,937)
Distributions of cumulative earnings from unconsolidated joint ventures 12,388 15,260
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate (15,136) (43,363)
Depreciable real estate reserves 85,336 10,387
Loss (gain) on sale of real estate, net 3,256 (210,353)
(Gain) loss on sale of investments in marketable securities (3,262) 83
Deferred rents receivable (23,237) 53,042
Other non-cash adjustments [1] 17,551 (164,276)
Changes in operating assets and liabilities:    
Restricted cash—operations 5,023 (10,069)
Tenant and other receivables 1,447 4,820
Related party receivables (7,869) (2,386)
Deferred lease costs (23,560) (31,951)
Other assets 680 4,362
Accounts payable, accrued expenses, other liabilities and security deposits (10,660) (33,635)
Deferred revenue and land leases payable 29,471 (3,919)
Net cash provided by operating activities 313,722 373,378
Investing Activities    
Acquisitions of real estate property (19) (37,728)
Additions to land, buildings and improvements (165,262) (157,118)
Escrowed cash—capital improvements/acquisition deposits/deferred purchase price 11,980 76,220
Investments in unconsolidated joint ventures (93,182) (25,389)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 93,688 161,413
Net proceeds from disposition of real estate/joint venture interest 23,082 1,916,312
Proceeds from sale or redemption of marketable securities 54,363 5,180
Purchases of marketable securities 0 (331)
Other investments 3,014 (2,987)
Origination of debt and preferred equity investments (854,577) (227,196)
Repayments or redemption of debt and preferred equity investments 663,140 418,371
Net cash (used in) provided by investing activities (263,773) 2,126,747
Financing Activities    
Proceeds from mortgages and other loans payable 779,642 250,514
Repayments of mortgages and other loans payable (693,243) (1,663,616)
Proceeds from revolving credit facility and senior unsecured notes 1,072,800 700,000
Repayments of revolving credit facility and senior unsecured notes (875,697) (1,664,296)
Proceeds from stock options exercised and DRIP issuance 11,706 4,431
Repurchase of common stock (211,599) 0
Redemption of preferred stock (125) (2,849)
Distributions to noncontrolling interests in other partnerships (609) (9,866)
Contributions from noncontrolling interests in other partnerships 33,009 1,434
Distributions to noncontrolling interests in the Operating Partnership (7,112) (6,009)
Dividends/Distributions paid on common and preferred stock/units (168,678) (156,234)
Other obligations related to loan participations 10,000 76,500
Deferred loan costs and capitalized lease obligation (8,521) (9,307)
Net cash used in financing activities (58,427) (2,479,298)
Net (decrease) increase in cash and cash equivalents (8,478) 20,827
Cash and cash equivalents at beginning of year 279,443 255,399
Cash and cash equivalents at end of period 270,965 276,226
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Issuance of units in the Operating Partnership 20,824 51,647
Redemption of units in the Operating Partnership for stock 13,242 11,795
Derivative instruments at fair value 6,766 7,701
Exchange of debt investment for equity in joint venture 0 68,581
Issuance of preferred units relating to a real estate acquisition 0 22,793
Tenant improvements and capital expenditures payable 7,210 11,637
Fair value adjustment to noncontrolling interest in Operating Partnership 12,712 906
Deconsolidation of subsidiaries 328,644 0
Transfer of assets related to assets held for sale 173,918 1,931,217
Transfer of liabilities related to assets held for sale 149 1,612,008
Deferred leasing payable 800 1,222
Transfer of assets related to assets held for sale 5,754 13,471
Share repurchase payable 41,598 0
Bond repurchase payable 65,416 0
Proceeds from sale held in restricted cash 38,166 0
SL Green Operating Partnership    
Operating Activities    
Net income 16,939 181,598
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 235,381 619,715
Equity in net income from unconsolidated joint ventures (10,026) (15,937)
Distributions of cumulative earnings from unconsolidated joint ventures 12,388 15,260
Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate (15,136) (43,363)
Depreciable real estate reserves 85,336 10,387
Loss (gain) on sale of real estate, net 3,256 (210,353)
(Gain) loss on sale of investments in marketable securities (3,262) 83
Deferred rents receivable (23,237) 53,042
Other non-cash adjustments 17,551 (164,276)
Changes in operating assets and liabilities:    
Restricted cash—operations 5,023 (10,069)
Tenant and other receivables 1,447 4,820
Related party receivables (7,869) (2,386)
Deferred lease costs (23,560) (31,951)
Other assets 680 4,362
Accounts payable, accrued expenses, other liabilities and security deposits (10,660) (33,635)
Deferred revenue and land leases payable 29,471 (3,919)
Net cash provided by operating activities 313,722 373,378
Investing Activities    
Acquisitions of real estate property (19) (37,728)
Additions to land, buildings and improvements (165,262) (157,118)
Escrowed cash—capital improvements/acquisition deposits/deferred purchase price 11,980 76,220
Investments in unconsolidated joint ventures (93,182) (25,389)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 93,688 161,413
Net proceeds from disposition of real estate/joint venture interest 23,082 1,916,312
Proceeds from sale or redemption of marketable securities 54,363 5,180
Purchases of marketable securities 0 (331)
Other investments 3,014 (2,987)
Origination of debt and preferred equity investments (854,577) (227,196)
Repayments or redemption of debt and preferred equity investments 663,140 418,371
Net cash (used in) provided by investing activities (263,773) 2,126,747
Financing Activities    
Proceeds from mortgages and other loans payable 779,642 250,514
Repayments of mortgages and other loans payable (693,243) (1,663,616)
Proceeds from revolving credit facility and senior unsecured notes 1,072,800 700,000
Repayments of revolving credit facility and senior unsecured notes (875,697) (1,664,296)
Proceeds from stock options exercised and DRIP issuance 11,706 4,431
Repurchase of common stock (211,599) 0
Redemption of preferred stock (125) (2,849)
Distributions to noncontrolling interests in other partnerships (609) (9,866)
Contributions from noncontrolling interests in other partnerships 33,009 1,434
Dividends/Distributions paid on common and preferred stock/units (175,790) (162,243)
Other obligations related to loan participations 10,000 76,500
Deferred loan costs and capitalized lease obligation (8,521) (9,307)
Net cash used in financing activities (58,427) (2,479,298)
Net (decrease) increase in cash and cash equivalents (8,478) 20,827
Cash and cash equivalents at beginning of year 279,443 255,399
Cash and cash equivalents at end of period 270,965 276,226
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Issuance of units in the Operating Partnership 20,824 51,647
Redemption of units in the Operating Partnership for stock 13,242 11,795
Derivative instruments at fair value 6,766 7,701
Exchange of debt investment for equity in joint venture 0 68,581
Issuance of preferred units relating to a real estate acquisition 0 22,793
Tenant improvements and capital expenditures payable 7,210 11,637
Fair value adjustment to noncontrolling interest in Operating Partnership 12,712 906
Deconsolidation of subsidiaries 328,644 0
Transfer of assets related to assets held for sale 173,918 1,931,217
Transfer of liabilities related to assets held for sale 149 1,612,008
Deferred leasing payable 800 1,222
Transfer of assets related to assets held for sale 5,754 13,471
Share repurchase payable 41,598 0
Bond repurchase payable 65,416 0
Proceeds from sale held in restricted cash $ 38,166 $ 0
[1] Included in Other non-cash adjustments is $172.4 million for the six months ended June 30, 2016 for the amortization of the below-market lease at 388-390 Greenwich Street as a result of the tenant exercising their option to purchase the property and entering into an agreement to accelerate the sale.